China's former chief economist has excoriated the nation's banking system, which charges high fees and maintains a greedy-large gap between its deposit interest and lending interest rates.

That sounds like Canada's banking system.

stephen_schenck
—
2013-12-27T23:11:01Z —
#3

maintains a greedy-large gap between its deposit interest and lending interest rates

You sure this is just about China?

fuzzyfungus
—
2013-12-27T23:15:54Z —
#4

I would be happy to supply them with capitalist running dogs, a breed noted for its efficiency and entrepreneurial tendencies..

Raybert
—
2013-12-27T23:19:55Z —
#5

That sounds like EVERY banking system ever.

But I must say, replacing bank chiefs with small dogs would be an improvement in many ways.

jsroberts
—
2013-12-27T23:22:43Z —
#6

Such a business provides no value, and is merely parasitic on the people: "With this kind of operational model, banks will continue making money even if all the bank presidents go home to sleep and you replaced them by putting a small dog in their seats."

Yeah, not sure that's going to help:

MyopicHumanist
—
2013-12-27T23:24:30Z —
#7

To be fair, he's both. You'd have to send him home to sleep, which means you can't replace him with himself.

William_Holz
—
2013-12-28T00:13:36Z —
#8

OOH! Can we replace all three branches of government with random fifth graders while we're at it?

It can't help but be a massive improvement!

Space_Monkey
—
2013-12-28T00:14:17Z —
#9

Sounds like the inevitable result of letting for-profit entities practice fractional reserve banking. It just might be a more novel situation over there than it is here.

ActionAbe
—
2013-12-28T00:21:31Z —
#10

This is why I laugh when people say "Communist China" with a straight face.

lava
—
2013-12-28T00:39:28Z —
#11

so their government officials are not scared of their bank executives the way they are here?

antdude
—
2013-12-28T00:43:25Z —
#12

Which banks do not have this problem?

ronaldpottol
—
2013-12-28T03:03:51Z —
#13

Kinda longing for the traditional 3-4-6 banking plan. Pay 3% on deposits, get 6% on loans, and on the golf course by 4pm. Looking better and better.

iheartbeijing
—
2013-12-28T06:12:22Z —
#14

China as Discworld, eerily appropriate.

Raybert
—
2013-12-28T11:33:30Z —
#15

Here I am with a DNRC necktie on my tie rack and I failed to see this...

cservant
—
2013-12-28T21:00:37Z —
#16

I always thought it was 3-6-3 rule. 3% to savers, 6% for loans, out the door by 3 o'clock for golf.

doctorow
—
2014-01-01T23:00:58Z —
#17

This topic was automatically closed after 5 days. New replies are no longer allowed.